LONDON,
4th June 2008: Something happened yesterday in connection with the
Settlements that may have been associated with the British police raids
on premises owned by Safe Deposit Centres Limited in Mayfair, Central
London, and in Hampstead and Edgware, to the northwest of the capital.

As
we reported yesterday, citing prominent media reports, more than 300
British police officers and staff, including heavily armed police
marksmen, were involved in simultaneous raids at three lock box
locations. A total of 7,000 safety deposit boxes were seized and are
being treated as individual crime scenes. To cite from Tuesday's report:

Police
officers have secured the concrete and steel vaults, and will take
several weeks to remove each box, using angle grinders, to a secret
location where they will be prized open with diamond-tipped drills.
This is an unprecedented blow against UK and global organised criminal
operations, and will have decisive implications for the criminalised
sectors of intelligence services, especially the vast intelligence
criminal underworld associated with the Central Intelligence Agency.

Press
reports assert a view that a top tier of criminalist masterminds are
believed to have rented out most of the boxes from the firm, Safe
Deposit Centres Limited, which has been operating for more than 20
years. Two directors of this firm were arrested yesterday: Jaqueline
Swan, 44, who was arrested at the Mayfair address, and Leslie Sieff,
aged 60, who was detained in Hampstead. A third director, Milton Woolf,
52, is reported to be abroad, possibly in Israel.

Sieff and Woolf, originally from South Africa, have been residents in
Britain since the 1980s.

While
not yet knowing how many of the safety deposit boxes are being rented,
British police believe that 90% of them may hold criminal assets.
Scotland Yard said that the Met's Specialist Crime Directorate raided
seven properties in all: the three safety lock box depositories, an
office and three residential addresses. This was the biggest raid of
its kind in the Met's history.

The Assistant Commissioner at
Scotland Yard, John Yates, told the press that 'each box will be
treated as a crime scene in its own right'. Named Operation Rize, the
police offensive is 'a money-laundering investigation, one of the
biggest ever undertaken in the United Kingdom', John Yates said. 'In
the past, safety deposit boxes have been searched on an individual
basis, often resulting in the recovery of guns, drugs and cash. We
believe that this operation has the potential to impact upon many
layers of serious crime'.

The
police were armed, self-evidently, for a reason: if our assumptions are
anywhere near correct, they are dealing with the most dangerous and
ruthless bunch of financial criminals in the world.

MAYFAIR AND THE SOUTH AFRICAN CONNECTION
It
is a fact that the intensification of criminalist financial operations
perpetrated under the overall direction or 'Black protection' of the
DVD's George H. W. Bush Sr. and of his criminal intelligence operatives
broadened out from Mayfair in the mid-1980s, via a South African
connection. The fact that two of the three cited directors of Safe
Deposit Centres Limited (Leslie Sieff and Milton Woolf), are from South
Africa, is highly significant, not least since they have been resident
in the UK since the 1980s and Safe Deposit Centres Limited has been
operating for more than 20 years.

Closing
down a huge proportion of the criminal intelligence sector's fraudulent
finance ops would indeed necessitate the seizure of the underlying
stolen assets, which are believed to have been stashed inter alia in
safety lock boxes in Mayfair, Central London.

Hence we suspect
that this immense armed police operation, which involves the physical
removal from the three sites of actual complete vaults as well as of
the lock boxes, all of which are being transported to a secret, heavily
guarded location, represents a decisive coup against the criminal
classes and will have shocked certain circles rigid. The raids were a
closely guarded secret before they happened, but the Metropolitan
Police took care to inform the press on the day (Monday).

IS SAFE DEPOSIT CENTRES LIMITED A COVERT CIA, MOSSAD OR 'MEGAWATT'
OPERATION?
The
forgoing considerations raise the question as to whether the British
police have in fact tackled a huge covert intelligence operation that
has been running 'smoothly' from the very heart of the British capital
since the mid-1980s. Are we dealing with a covert Agency operation, an
Israeli cover operation, or a joint CIA-Mossad 'background' venture,
a.k.a. a 'Megawatt' front?

It stands to reason that reliance
on bank safety lock boxes alone might pose certain problems. In this
connection it is understood from several sources that the actual
underlying assets tended to be hidden in commercial safety lock boxes,
with secondary assets linked to them, held with the banks. That was by
no means the norm, but we have been told that it was quite commonplace.

Logic
suggests that proprietary commercial safety lock box operations
controlled by intelligence operatives functioning under Non-Official
Cover (NOC) would be needed, and that such obvious arrangements would
be replicated in all the main centres around the world, for
convenience.

ALL REPORTS ON THE POLICE RAIDS CEASED ABRUPTLY ON WEDNESDAY
The
British press carried no reports on the ongoing police operation on
Wednesday, and our US sources inform us that no information about the
raids was monitored in the United States, with the exception of our
report. There is no way that such a huge story can be buried overnight
unless it has been ordered to be closed down.

We think this
happened after it was realised that they could not 'run' the police
operation under cover of it representing a coordinated offensive
against organised crime as understood by the general public. As soon as
we hinted at this operation being an escalation of the intelligence
war, the story was 'closed down' on both sides of the Atlantic.

That reporting on this operation may
have been, shall we say, 'discouraged' is highly probable if, as we
suspect, the very core of the financial criminality has now been
seized, and is in the process of being evaluated by British corruption
police experts and detectives. As John Yates, the Assistant
Commissioner at Scotland Yard, told the UK press for the reports that
appeared on Tuesday:

'This is an unprecedented operation, and
my officers have worked tirelessly and methodically, advised throughout
by leading counsel, to ensure that this is the right action to take'.

'The
right action to take' and Mr Yates' stress on the meticulous care that
his officers and staff have been taking legally, represent public
indications from Scotland Yard that the measures that are being adopted
cannot be challenged legally and that there is not a lot that the
perpetrators can do in the face of the reality that their underlying
assets may have been seized. Furthermore, the quite astonishing
statement by Mr Yates that each lock box is being treated as a separate
crime scene, sends a clear signal to the holders of the 7,000 lock
boxes that the scope of the UK police enquiries is vast, and may be
assumed to impact every corner of the globe.

While
the timing of any police investigation and seizure operation is a
matter entirely for the police, it is to be noted that the raids 'just
happened' to coincide with the Settlements process and with ongoing
crisis developments in the United States which are causing the
criminalised intelligence cadres extreme angst and have been associated
with intermittent outbreaks of violence.

RETALIATION AGAINST THE POLICE RAIDS?
Any
impediments to the overall Settlements process or other untoward
developments that may have occurred on Tuesday may well have
represented responses to the drastic developments in London. We
understand that some arrests were made in Washington, DC, and possibly
New York, yesterday, but this has not been confirmed.

But
what is quite clear is that IF this huge UK police operation is what we
think it is, namely a body blow to the head of the global corruption
serpent (more than just a kick in the pants), one would expect the
serpent to try to respond as its guts were being ripped out (metaphor
for the physical removal of vaults, lock boxes etc., to the heavily
guarded police investigation centre).

More to the point, since
the intelligence war rages in the background and is not supposed to
spill over into the public consciousness, there is nothing that the
criminalist intelligence cadres can do to recover from this situation.
We believe that the fallout from the raids will be dramatic, that the
raids represent a further huge setback for the criminalised
intelligence sector, and that one can state without fear of
contradiction that the gloves are off as the showdown gathers momentum.

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